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California Water Service Group Stock Price, News & Analysis (NYSE:CWT)

$50.12
-0.45 (-0.89%)
(As of 11/29/2023 ET)
Compare
Today's Range
$49.97
$51.16
50-Day Range
$46.29
$52.51
52-Week Range
$45.44
$65.44
Volume
145,990 shs
Average Volume
283,501 shs
Market Capitalization
$2.89 billion
P/E Ratio
69.61
Dividend Yield
2.08%
Price Target
$60.00

California Water Service Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
19.7% Upside
$60.00 Price Target
Short Interest
Healthy
1.55% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
+0.43
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$139,732 Sold Last Quarter
Proj. Earnings Growth
17.28%
From $1.91 to $2.24 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Utilities Sector

25th out of 87 stocks

Utilities - Regulated Water Industry

1st out of 2 stocks


CWT stock logo

About California Water Service Group Stock (NYSE:CWT)

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. It offers its services to approximately 496,400 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 37,500 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 10,700 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

CWT Stock Price History

CWT Stock News Headlines

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California Water Service Group's Dividend Analysis
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Q3 2023 California Water Service Group Earnings Call
Intel issues strong Q4 revenue outlook
California Water (CWT) Beats on Q3 Earnings & Revenues
See More Headlines
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Company Calendar

Last Earnings
10/26/2023
Ex-Dividend for 11/17 Dividend
11/03/2023
Dividend Payable
11/17/2023
Today
11/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/06/2024

Industry, Sector and Symbol

Industry
Utilities - Regulated Water
Sub-Industry
Water Utilities
Sector
Utilities
CUSIP
13078810
Employees
1,225
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$60.00
High Stock Price Target
$67.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+19.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$96.01 million
Pretax Margin
5.63%

Debt

Sales & Book Value

Annual Sales
$846.43 million
Cash Flow
$3.84 per share
Book Value
$24.52 per share

Miscellaneous

Free Float
57,203,000
Market Cap
$2.89 billion
Optionable
Optionable
Beta
0.45
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CWT Stock Analysis - Frequently Asked Questions

Should I buy or sell California Water Service Group stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last year. There are currently 2 sell ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CWT shares.
View CWT analyst ratings
or view top-rated stocks.

What is California Water Service Group's stock price target for 2024?

3 equities research analysts have issued 1 year price objectives for California Water Service Group's shares. Their CWT share price targets range from $47.00 to $67.00. On average, they expect the company's stock price to reach $60.00 in the next year. This suggests a possible upside of 19.7% from the stock's current price.
View analysts price targets for CWT
or view top-rated stocks among Wall Street analysts.

How have CWT shares performed in 2023?

California Water Service Group's stock was trading at $60.64 at the start of the year. Since then, CWT shares have decreased by 17.3% and is now trading at $50.12.
View the best growth stocks for 2023 here
.

Are investors shorting California Water Service Group?

California Water Service Group saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 903,500 shares, an increase of 5.9% from the October 15th total of 852,800 shares. Based on an average daily volume of 281,700 shares, the short-interest ratio is currently 3.2 days.
View California Water Service Group's Short Interest
.

When is California Water Service Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our CWT earnings forecast
.

How were California Water Service Group's earnings last quarter?

California Water Service Group (NYSE:CWT) posted its quarterly earnings data on Thursday, October, 26th. The utilities provider reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.06. The utilities provider earned $254.98 million during the quarter, compared to the consensus estimate of $235.23 million. California Water Service Group had a net margin of 5.29% and a trailing twelve-month return on equity of 3.04%.

How often does California Water Service Group pay dividends? What is the dividend yield for California Water Service Group?

California Water Service Group announced a quarterly dividend on Wednesday, October 25th. Investors of record on Monday, November 6th will be given a dividend of $0.26 per share on Friday, November 17th. This represents a $1.04 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Friday, November 3rd.
Read our dividend analysis for CWT
.

Is California Water Service Group a good dividend stock?

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.04%. The company has been increasing its dividend for 56 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 144.44%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CWT will have a dividend payout ratio of 46.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CWT.

What is Martin Kropelnicki's approval rating as California Water Service Group's CEO?

14 employees have rated California Water Service Group Chief Executive Officer Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among the company's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of California Water Service Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE), Consolidated Edison (ED), Enterprise Products Partners (EPD), General Electric (GE) and McDonald's (MCD).

Who are California Water Service Group's major shareholders?

California Water Service Group's stock is owned by many different institutional and retail investors. Top institutional investors include Nuance Investments LLC (3.77%), Impax Asset Management Group plc (2.72%), Invesco Ltd. (1.90%), Northern Trust Corp (1.78%), Morgan Stanley (1.26%) and Bank of New York Mellon Corp (1.12%). Insiders that own company stock include David B Healey, Elissa Y Ouyang, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Robert J Kuta, Terry Bayer and Thomas M Krummel.
View institutional ownership trends
.

How do I buy shares of California Water Service Group?

Shares of CWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:CWT) was last updated on 11/29/2023 by MarketBeat.com Staff

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